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The Argus Group has said its Bermuda Life Insurance Company Limited is issuing a rebate to qualifying health insurance policyholders, passing benefits realised from lower claims activity on to its clients. The move follows a rebate in April last year...

Somers Limited, the financial services investment holding company, has reported a record first half-year profit of $203.1 million. The company’s fiscal year runs from October 1 to September 30. In its second quarter, which ended on March 31, it repor...

A UK subsidiary of Bermudian-based Randall & Quilter Investment Holdings Ltd has acquired an Irish captive insurer. R&Q said Randall & Quilter II Holdings Ltd has received regulatory approval from the Central Bank of Ireland and has completed the acq...

Newly formed insurance industry companies that are part of the “Class of 2020” have chosen AIR Worldwide to help them model and manage catastrophe risk. Bermudian-based Conduit Re, Vantage Risk and Integral ILS Ltd, are among those who have opted to ...

There were no trades on The Royal Gazette/BSX Index, which closed unchanged at 2,611.28. On the New York Stock Exchange, Butterfield Bank shares were up one cent, or 0.02 per cent, at $38.29. The BSX Insurance Index was up 8.2 points, or 0.47 points,...

JetBlue will begin offering its first transatlantic flights, which will be between New York and London, from August. It is aiming to offer lower prices on the route, including in its premium cabins. JetBlue has a service between Bermuda and JFK, whic...

When the pandemic began a year ago bartender Gus Gonzalez found his pay cut in half. Some people might have carefully counted their pennies, but Mr Gonzalez and his wife, Tori, took the last of their savings and invested in a new business Card Your Y...

A highly disruptive cyberattack on a major fuel pipeline network in the United States, and another against an arm of insurance company Axa, should act as a cybersecurity wake-up call for Bermuda. That's the view of Hamilton-based IT services and soft...

Price Forbes, the independent specialist global wholesale insurance broker, has appointed industry veteran Nicolas Bardon as executive vice-president, Bermuda. The company said Mr Bardon will work closely with Nick Foden-Pattinson, president of Price...

Bermudian-headquartered Frontline Ltd, one of the world’s leaders in the seaborne transportation of crude oil and refined products, is to add to its fleet of very large crude carriers. Frontline said it has agreed to acquire through resale six latest...